EMLP Options History — May 2019

In May 2019, EMLP traded between $24.39 and $25.20. ATM implied volatility averaged 76.9%, placing in the 37.1% IV rank vs the trailing year. The 30-day expected move averaged 16.3%. IV traded above realized volatility by 68.6% (HV 20d: 8.3%). Max pain ranged from $25.00 to $25.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 16 of 22 days.

Notable Days

  • 2019-05-14: Highest Volume — 1 contracts
  • 2019-05-02: Largest IV spike — 412.0% change
  • 2019-05-10: Highest IV Rank — 96.7%
  • 2019-05-03: Largest Expected Move — 37.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$24.78$24.39$25.20$24.70$24.55
Max Pain$25.00$25.00$25.00$25.00$25.00
ATM IV76.9%12.2%183.8%13.0%64.9%
Expected Move16.3%3.5%37.3%3.7%18.6%
HV 20d8.3%6.2%10.3%6.2%9.6%
HV 60d7.1%6.5%7.8%6.5%7.8%
IV Rank37.1%1.1%96.7%1.5%30.4%
IV Percentile24.4%2.0%97.6%2.0%7.9%
Term Structure15.0%-61.6%43.8%-3.1%43.6%
Skew 25d-22.2%-112.3%80.9%-3.8%6.2%
Skew 10d-22.7%-123.5%152.2%-3.2%-123.5%
Call IV 25d93.0%10.0%137.0%14.3%137.0%
Put IV 25d70.8%10.6%143.2%10.6%143.2%
Bid-Ask Spread %138.4447.61153.8647.61142.19
Gamma HHI1.001.001.001.001.00
Net GEX-190-1.4K0-3270
Net DEX74101.7K1.6K0
Net VEX-1-20-20
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume0.0450100
Total OI0.5910110

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-05-01$24.70$25.0013.0%3.7%6.2%1.5%0.0%-3.8%-3.1%-3271.6K-20.0047.610001
2019-05-02$24.45$25.0066.3%19.0%7.2%31.2%0.0%80.9%-54.3%-681.3K-20.00122.930001
2019-05-03$24.66$25.00130.1%37.3%7.8%66.8%0.0%-5.2%-61.6%-701.3K-20.00108.690001
2019-05-06$24.60$0.00146.9%11.3%7.4%76.2%0.0%4.4%32.3%-701.3K-20.00148.760001
2019-05-07$24.49$0.0081.0%21.3%7.5%39.4%0.0%-28.9%-30.8%-541.2K-20.00149.810001
2019-05-08$24.47$0.00166.2%21.5%7.4%86.9%0.0%-19.4%-31.5%-461.2K-20.00152.330001
2019-05-09$24.39$0.00176.6%21.8%7.5%92.7%0.0%4.3%-32.5%-461.2K-10.00152.530001
2019-05-10$24.68$0.00183.8%13.1%8.5%96.7%0.0%4.3%23.5%-391.2K-10.00153.030001
2019-05-13$24.71$0.0047.5%13.6%8.4%20.8%0.0%4.4%23.3%-3691.7K-10.00152.320001
2019-05-14$24.80$0.0048.1%13.8%8.5%21.1%0.0%4.6%23.4%-4371.6K-10.00153.690101
2019-05-15$24.96$0.0048.7%14.0%8.1%21.4%0.0%4.7%23.7%-5401.3K-10.00153.860001
2019-05-16$25.05$0.0012.2%3.5%8.2%1.1%0.0%0.9%4.2%-7231.1K-10.00138.780001
2019-05-17$25.11$0.0050.0%14.3%8.1%22.1%0.0%4.7%23.9%-1.4K38200.00152.720001
2019-05-20$25.02$0.0052.3%15.0%7.7%23.4%0.0%-88.8%42.6%0000.00138.780000
2019-05-21$25.20$0.0053.0%15.2%8.1%23.8%0.0%-91.5%43.0%0000.00136.980000
2019-05-22$25.20$0.0053.9%15.5%8.1%24.3%0.0%-35.3%43.2%0000.00141.050000
2019-05-23$24.95$0.0055.0%15.8%9.0%24.9%0.0%2.2%43.1%0000.00146.540000
2019-05-24$25.10$0.0055.9%16.0%9.2%25.4%0.0%-96.6%43.5%0000.00139.310000
2019-05-28$24.84$0.0060.6%17.4%10.0%28.0%0.0%-19.2%43.8%0000.00140.730000
2019-05-29$24.69$0.0061.9%17.8%10.2%28.8%0.0%-109.4%43.7%0000.00137.380000
2019-05-30$24.56$0.0063.4%18.2%10.3%29.6%0.0%-112.3%43.6%0000.00135.630000
2019-05-31$24.55$0.0064.9%18.6%9.6%30.4%0.0%6.2%43.6%0000.00142.190000